Post Utme Unilorin 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A partnership of three individuals, A, B, and C, has a capital of ₦500,000. The profit-sharing ratio is 3:2:1. If the profit for the year is ₦150,000, how much should each partner receive?

Answer Options

Correct Answer A. ₦30,000, ₦20,000, ₦10,000
B. ₦25,000, ₦15,000, ₦10,000
C. ₦20,000, ₦10,000, ₦5,000
D. ₦15,000, ₦10,000, ₦5,000
Correct Answer
A
Correct Option:
₦30,000, ₦20,000, ₦10,000

About This Question

This is Post Utme Unilorin 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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